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Updated over 5 years ago,
Help!!! Why won’t this SFH rent?
Hey BP!
Need some advice!! I listed my SFH with a property management company back in May. The PM initially listed it for $1450 which was a bit high for the area, but I was not moving out until July, so he said there was some time to see if it could rent for a bit higher. The weekend I moved out, I had them lower it to $1350, and still nada. Today I spoke with them to have them lower it again, to $1300. They said in total there have been 55 inquires and 10 showings.
The house was built in 2014, is in a very nice B+ neighborhood, it is a 3/2 with a fenced in yard.
I can afford the mortgage payment, however, with being vancant for so long it is killing my cash flow for the year!
I hired the PM to take care of it since I moved out of state. Should I look at getting out of my contract with this PM and get a different one? Should I start advertising it myself?
https://www.zillow.com/homedetails/1221-Teakwood-Dr-GREENVILLE-NC-27834/102229016_zpid/
Any advice is welcome!
-Heidi